American Maritime Officers Safety & Education Plan

Analysis

American Maritime Officers Safety & Education Plan is a registered charity in United States, based in Dania Beach, FL. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, American Maritime Officers Safety & Education Plan reported income of $22.3m and spending of $21.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.2m to $22.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2023, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Maritime Officers Safety & Education Plan sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Union Academy ($22.3m), Cornerstone Academy Inc ($22.3m) and Ohio State University Alumni Association Inc ($22.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $6.4m against liabilities of $1.4m, net assets of $5.0m.